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Form ct 656a 2026

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The document outlines the requirements and terms for submitting an Offer of Compromise (Form CT-656a) to the Connecticut Department of Revenue Services. It details the necessary information and documentation applicants must provide, including tax returns, credit reports, and employment pay stubs. The terms specify conditions under which offers may be accepted or rejected, including compliance with tax filing requirements and non-involvement in bankruptcy proceedings. Additionally, it explains the implications of conditional acceptance and the responsibilities of the applicant regarding payments and disclosures.

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Click ‘Get Form’ to open it in the editor.
Begin by filling in your personal information, including your name, date of birth, and Social Security Number. Ensure all fields are completed accurately.
Provide details about your tax liabilities, including the tax type and periods. If applicable, indicate if the bill is under appeal.
Complete the financial statement section by detailing your income and expenses. List all sources of income and monthly expenses to give a clear picture of your financial situation.
Attach any required documents such as federal income tax forms, credit reports, and pay stubs. If you need more space for additional information, feel free to attach extra sheets.
Review all entries for accuracy before submitting. Once satisfied, sign the declaration at the bottom of the form.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the tax rate for small business in CT?

Connecticut has a 7.5 percent corporate income tax rate. Connecticut also has a 6.35 percent state sales tax rate and does not have local sales taxes. Connecticut has a 1.78 percent effective property tax rate on owner-occupied housing value.

What payroll taxes do employers pay in CT?

As an employer, youre responsible for paying SUI (remember, if you pay your state SUI in full and on time, you get a 90% tax credit on FUTA). SUI tax rates range from 1.1% to 8.9%. New employers pay 2.2% in 2025 which is a decrease from 2.5% in 2024.

How much does a small business need to make to pay taxes?

There is no minimum income you have to meet before your small corporation is taxed. Every dollar it earns (after deductions and credits are factored in) will be taxed at 21%. Corporate tax rates also apply to limited liability companies (LLCs) who have elected to be taxed as corporations.

What is a CT tax power of attorney form?

Use LGL-001, Power of Attorney, to authorize one or more individuals to represent you before the Department of Revenue Services (DRS). This authorization allows your representative(s) to receive and inspect confidential tax information and to act on your behalf in matters before DRS.

How is an LLC taxed in CT?

By default, the LLC doesnt pay taxes on its income. Only the LLC members (owners) pay taxes on their share of the LLCs income. Unless you elect to have your LLC taxed as a corporation or your LLC is a single-member LLC, your LLC will be considered a pass-through entity in Connecticut.

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Do you have to renew an LLC every year in CT?

Your Connecticut LLC Annual Report is due every year between January 1st and March 31st. January 1st is the earliest that you can file. And March 31st is the last day to file before its late.

Is there an annual fee for an LLC in CT?

$80: Connecticut requires an Annual Report with the Secretary of State. Its due each year by the end of the month in which the LLC was initially registered.

Is CT a mandatory withholding state?

The employer is required to withhold Connecticut income tax because the services are performed in Connecticut.

Form ct 656a 2026

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